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Huge bets on AI open a brand new frontier for chip startups, too

For years, tech trade financiers confirmed little curiosity in startups that made laptop chips.

How on earth may a startup compete with a Goliath like Intel, which made the chips that ran greater than 80 p.c of the world’s private computer systems? Even within the areas the place Intel didn’t dominate, like smartphones and gaming gadgets, there have been corporations like Qualcomm and Nvidia that would squash an upstart.

However then got here the tech trade’s newest huge factor: synthetic intelligence. AI, it turned out, works higher with new sorts of laptop chips. All of the sudden, enterprise capitalists forgot all these forbidding roadblocks to success for a younger chip firm.